Carefree Theatre owner adds to WPB assemblage

The owner of the long-vacant Carefree Theatre in West Palm Beach bought a nearby property on Dixie Highway for an undisclosed price.

Charles S. Cohen of Cohen Brothers Realty Corp. in New York told the Palm Beach Post that he bought a 0.6-acre property at 2100 South Dixie Highway.

A deed for the sale hasn’t been recorded yet, and Cohen declined to disclose the price. The seller, Palm Beach Justice Center, paid $1.65 million for the 0.6-acre site in 2006.

Cohen last year paid $3 million for the Carefree Theatre at 2000 South Dixie Highway and surrounding properties. The theater has been dormant since the destructive 2004 and 2005 hurricane seasons.

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Cohen plans to raze and replace the theatre and build an adjacent mix of commercial and residential developments.

His company owns Design Center of the Americas (DCOTA), an 800,000-square-foot showroom for furniture, fabrics and accessories in Dania Beach.

Cohen Brothers Realty Corp. also owns design centers and office towers in New York, Houston and California. [Palm Beach Post] Mike Seemuth